I think this clearly shows that we have plenty of room to grow both in listening time and in our effective monetization.Īt the time of this writing the exchange rate is about $1.16 per €1. In this year, more than 60% of all audio ads spending will go to traditional radio.
alone, this despite consumption shifting steadily away from it. In the 3Q21 earnings call, CEO Ek talked about Spotify’s opportunities as the world shifts away from terrestrial radio:Ī good reminder, Linear Radio still has a 46% share of audio listening in the U.S. CEO Daniel Ek and the rest of Spotify have ardor to be a huge part of audio as the world keeps moving towards streaming and podcasts. My thesis is that the future is bright for Spotify ( NYSE: SPOT) as paid subscribers, gross margins and ad revenue continue with prodigious growth. Sony Alpha User/iStock Editorial via Getty Images Introduction Travel the world to capture moments and beautiful photos. Regardless of whether you're listening to A Song of Ice and Fire or I'm Glad My Mom Died (which is listed on Spotify for $13.99), you'll likely be racking up a large bill if you're an avid audiobook listener.Avid Photographer. Smaller books tend to fall between $15 and $20, but there are a handful of outliers on both sides of that scale. Popular titles like The Lord of the Rings: The Fellowship of the Ring or Michelle Obama's Becoming cost $25.90 and $23.90, respectively, while other big hits like A Game of Thrones: A Song of Ice and Fire: Book 1 and Harry Potter and the Sorcerer's Stone cost $36.90 and $32.90, respectively. In terms of audibook pricing, it varies from book to book, but based on a quick look at some of the ones that Spotify is pushing on the landing page of its new audiobook section, there are some easy-to-identify trends - most books cost around or over $20.
Instead, you're only able to find that information either through a browser version of Spotify or in the email that the app sends you when you're looking to make a purchase. Spotify also doesn't tell you the cost of each book upfront in the app.
How much do Spotify audiobooks cost?Īs mentioned above, audiobooks don't come free with a Spotify account, which means that you'll need to complete the steps above each time you want to have access to a new book. If it isn't, you may have to close the app and open it again to have access. Step 11: With the purchase complete, head back to the Spotify app, and the audiobook should be unlocked on your account.
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